Running or building a sports and recreation facility, whether it’s a climate-controlled dome, pickleball complex, or community hub, requires a substantial financial investment. Protecting that investment is just as important as building it. That’s where business insurance plays a key role.
At Todd Bowden Project Management (TBPM), we combine project management expertise with financial foresight to ensure facilities are not only designed and built efficiently, but also safeguarded with the right insurance strategy. This guide explores the types of insurance coverage, why they matter, and how to align insurance with your long-term project success.
Why Business Insurance is Essential for Facility Owners
Sports and recreation facilities face unique risks: high visitor traffic, specialised structures, expensive equipment, and weather-related challenges. Business insurance provides:
- Asset Protection → Covers buildings, domes, courts, and equipment.
- Liability Coverage → Protects against injuries and accidents on-site.
- Financial Stability → Prevents loss from closures or unforeseen events.
- Investor Confidence → Strengthens your ability to secure financing.
Key Types of Business Insurance for Sports & Recreation Facilities
1. Property Insurance
Protects physical structures, air-supported domes, courts, and clubhouses from fire, vandalism, or natural disasters.
2. General Liability Insurance
Essential for high-traffic facilities. Covers injuries to players, spectators, and visitors.
3. Workers’ Compensation
Mandatory for facilities employing staff, coaches, or contractors. Covers medical expenses and lost wages.
4. Event Insurance
Sports events, leagues, and tournaments carry risk. Event insurance protects against cancellations, injuries, or damages.
5. Business Interruption Insurance
If your facility shuts down due to damage or emergencies, this insurance helps recover lost income.
6. Construction Insurance
During the building phase, protect your project from delays, equipment damage, or site risks.
Aligning Insurance with Project Management
At TBPM, we view insurance as a strategic business tool, not just a safety net. By integrating insurance early in your project plan, you can:
Attract lenders and investors with reduced financial risk.
Lower long-term costs by avoiding gaps or overlaps in coverage.
Improve operational efficiency with clear risk management strategies.
Case in Point: Climate-Controlled Sports Domes
Air-supported domes represent significant investments. Without proper insurance, a storm, equipment failure, or liability claim could lead to devastating losses. TBPM ensures that insurance is part of the financial roadmap, making domes more secure and profitable.
Choosing the Right Insurance Provider
When selecting a business insurance provider, facility owners should evaluate:
Experience with sports and recreation industries.
Customizable coverage options.
Financial strength and claims process.
Cost-to-benefit ratio aligned with long-term operations.
With decades of expertise in sports facility project management, TBPM goes beyond construction oversight. We advise on:
Insurance requirements for financing.
Coverage needs at each project stage.
Risk assessment to future-proof facilities.
This holistic approach ensures that your project isn’t just built, it’s protected.
Conclusion
Sports and recreation facilities are high-value, high-impact community assets. Protecting them with business insurance is essential for long-term sustainability. With TBPM, you don’t just get a facility; you get a complete management plan that integrates finance, insurance, and operational security.
AI-Assisted Content Disclaimer
This article was created with AI assistance and reviewed by a human for accuracy and clarity.
